Punjab Kings (PBKS) are gearing up for a powerful run in IPL 2025 with a revamped squad, helmed by new head coach Ricky Ponting. After retaining core players Shashank Singh and Prabhsimran Singh, PBKS strategically utilized their substantial INR 110.

Arshdeep Singh was temporarily the most expensive Indian player bought at the IPL auction ever, for now, as Punjab Kings executed their 'Right to Match' card for the India left-arm pacer and bought him home for Rs 18 crore on Day 1 of IPL 2025 Mega Auction on Sunday.

Punjab Kings had only retained two players ahead of the auction and both of them were uncapped. In the run up to the auction, the Punjab franchise also brought in Ricky Ponting as their head coach. In the auction, they have tried to buy some good Indian players alongside trusted overseas names.

As IPL 2025 Auction approaches, Punjab Kings hold ₹110.5 crore while Rajasthan Royals face budget constraints. Key strategies emerge.- Watch Video on English Oneindia

The two franchises kept on making a bid for the 29-year-old. In the end, the Punjab-based franchise won the bidding war and set a landmark in the history of the cash-rich tournament. Iyer said that he is "elated" to join the Punjab-based franchise and looking forward to the upcoming season.

Venkatesh Iyer was the biggest pick outside the marquee set as Kolkata Knight Riders paid a staggering ₹23.75 crore to bring back the India all-rounder in their squad. David Warner and Devdutt Padikkal were the two big names to go unsold after Rishabh Pant broke Shreyas Iyer's record within minutes to become IPL's costliest buy as Lucknow Super Giants spent a mind-boggling ₹27 crore for the wicketkeeper-batter.

Rajasthan Royals retained six players for the upcoming IPL season. The team is looking to rebuild after a disappointing few years. They won the IPL championship in 2008 but have not had much success since.

The Indian Premier League (IPL) 2025 mega auction in Jeddah, Saudi Arabia, will see 10 teams battling to fill 204 spots from a pool of 577 players. Day 1 will feature 84 players going under the hammer,

Punjab Kings broke the bank to get Indian batter Shreyas Iyer, who became the costliest player in the history of IPL auctions. He went for a whopping ₹26.75 Crore, breaking Mitchell Starc's record of ₹24.